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Legal Documents & Service Related: News, Tips, Articles, and Events
Legal Documents & Service: News, Tips, Articles, and Events
Find all BizBen news, tips, articles, and events relating to buying and selling Legal Documents & Service businesses below. We update and add to these posts frequently (usually daily) so please visit this page often. If you have a news item, tip, an article, or an upcoming event that pertains to buying or selling Legal Documents & Service businesses, please contact BizBen Customer Support at 888-212-4747 to discuss getting your info on this page!
Buyer Asks: Is Buying A Service Based Business A Good Choice These Days?
I've been selling businesses a long time & I get many calls from buyers who are open to buying something but aren't sure what would be a good investment. I'll get asked what I would buy if I was them and my answer is always the same, "a service business". Business broker Chris Lazurik explains. By Christina Lazuric, CBI View All Christina Lazuric, CBI Blog Posts
November BizBen Index: 1,224 California Small Businesses Sold Last Month
Total sales of California small businesses sold were down 18.1% from last month and down 20% from the same time last year in California. Several factors contributed to these numbers including: owner/sellers waiting to list until 2020, more business brokers exiting industry, lower buyer demand. By Peter Siegel, MBA View All Peter Siegel, MBA Blog Posts
8 Tough Questions You Most Likely Will Be Asked When Selling Your Business
When selling your small business, you'll be bombarded with questions - from the brilliant to the ridiculous. You need to be prepared. Here are some of the key questions you can expect to be asked. Tim Cunha (SF Bay Area Business Broker at 650-600-3751) reviews many of these possible questions. By Tim Cunha View All Tim Cunha Blog Posts
Top 100 List: This Week's Top Motivated Business Buyers & Their Requests!
If you're trying to sell a business - check out this week's top 100 business buyers - one of these buyers may be looking to buy your type and location of business! This list is updated weekly - make sure you check it frequently! Are you searching to buy - get on this list and reach seller direct! By Peter Siegel, MBA View All Peter Siegel, MBA Blog Posts
Can A Business Seller Back Out Of Escrow If They Simply Change Their Mind?
Can a seller of a small business back out of an ongoing escrow? Probably, yes, it all depends how far along the escrow is, which will dictate how messy things will get for both owner & buyer. Joe Ranieri (Southern California Business Broker) gives his feedback with others on this BizBen Discussion. By Joe Ranieri View All Joe Ranieri Blog Posts
Buying A Business: Why Is It Important To Look At Its Tax Filings?
Business tax filings are very important factor in determining the credibility of business financials. Just seeing those financials, you can't determine whether those values are overstated or not. Some business owners provide made up financials to buyers - so, that's where tax fillings come in. By AJ Rana View All AJ Rana Blog Posts
6 Simple Things To Increase Business Value Before Offering It For Sale
How do you value a small business before putting it on the market? Tim Cunha, JD offers 6 items all business owners should consider. Other advisors and business brokers also weigh in on this very important topic especially when over 70% of small businesses never end up selling (due to pricing). By Tim Cunha View All Tim Cunha Blog Posts
Attorney Specialist Shares Escrow Instruction Tips When Buying A Business
Once you have successfully negotiated the Asset Purchase Agreement ("APA") for your acquisition it's natural to relax a little and let your guard down. Attorney Specialist Mark Chatow discusses what business buyers should look out for when opening escrow and getting escrow instruction in place. By Mark Chatow, Esq. View All Mark Chatow, Esq. Blog Posts
What Is The Typical Business Broker Fee For Sellers And Buyers? Who Pays It?
Was just asked the question from a business owner what the "typical commission" amount is for a broker or agent and if upfront fees are common? Thought this might be a great Discussion topic on BizBen for both business owner/sellers and potentially for business buyers (buyer representation). By Peter Siegel, MBA View All Peter Siegel, MBA Blog Posts
Getting An SBA Loan To Buy A Small Business: Dispelling Some Major Myths
When seeking SBA loan financing many potential business buyers have wrong information about the process of securing the best financing to buy a business. Peter Siegel, MBA (at 925-785-3118) a business purchase financing expert delves into the myths and facts regarding SBA loan financing. By Peter Siegel, MBA View All Peter Siegel, MBA Blog Posts
What Steps Do I Take When Closing A Business That Doesn't Sell And I Close?
Every business broker knows that a listing taken is not a listing sold, in fact the ratio of listed vs. sold could be discouraging if you really thought about it. Joe Ranieri (Orange County Business Broker) discusses what you should do if you finally have to close the doors and call it quits. By Joe Ranieri View All Joe Ranieri Blog Posts
What Factors Are Considered In Valuing A Small Business? Advisors Weigh In
Valuing a small business is not guess work. It's not what some other businesses of the same type may have or may not have been sold for, it's not even what a business owner "feels" they want or deserve. It is a formula based on many factors. Peter Siegel, MBA from BizBen & others discuss this topic. By Peter Siegel, MBA View All Peter Siegel, MBA Blog Posts
Is Crowd Funding A Viable Way To Raise Money To Purchase A Small Business?
We're hearing more and more about "crowd funding" through sites like gofundme and kickstarter as a possible way to raise the cash needed to buy a small business. This method of collecting funds has proven successful in other kinds of situations. Could this strategy work when buying a small business? By Peter Siegel, MBA View All Peter Siegel, MBA Blog Posts
Is There Such A Thing As Paying Too Little When Buying A Small Business?
We all understand the idea of paying too much for a small business. But is there such a thing as not paying enough? That seems like an odd notion, but I'm familiar with situations in which a buyer acquired a small business for a figure substantially under what probably was market value. By Peter Siegel, MBA View All Peter Siegel, MBA Blog Posts
Sellers Ask: How Long Should I Wait For The Buyer To Do Their Due Diligence?
Business sellers & buyers ask the question in the buying process-how long should I ask for due-diligence when buying a small business? The answer really depends on several factors. They include: type of business, demand for the business, complexity of the business. Advisors weigh in on this topic. By Peter Siegel, MBA View All Peter Siegel, MBA Blog Posts
Going Behind A Brokers Back: How Does A Broker Protect Themself?
What are some ways a broker can prevent a buyer and seller from doing a deal behind their back and what to do about it if it happens? Joe Ranieri (Orange County Business Broker) discusses ways a business broker or agent can protect themselves from buyers and sellers trying to circumvent them. By Joe Ranieri View All Joe Ranieri Blog Posts
Selling My Small Business: What Items Should I Have Ready To Be Successful?
When selling a small to mid-sized business, owners should have their paperwork and financial information ready to go! They should also have a short business plan of past history, current operations, and potential for the future. In this BizBen Discussion several advisors and intermediaries weigh in. By Peter Siegel, MBA View All Peter Siegel, MBA Blog Posts
Buying A Cheap Small Business For Sale: How To Find? What To Watch Out For?
Yes, there are ways to find businesses with growth potential that can be purchased with modest investments. But before offering any ideas about finding cheap businesses, it's important to review some of the risks involved. Here are some of the best ways to buy a less expensive small business. By Peter Siegel, MBA View All Peter Siegel, MBA Blog Posts
What Should I Do If Other Buyers Are Trying To Buy The Same Business As Me?
Buying a small business is hard enough when there is no competition, so how might a buyer navigate the process when there is additional competition from other buyers? Potential small business buyers are offered a few key ways that a buyer can beat out other potential business buyers in this article. By Peter Siegel, MBA View All Peter Siegel, MBA Blog Posts
An Alternative Approach To Finding And Buying An Absentee Run Small Business
As a SF Bay Area business broker (Rob Hartman), the phrase I hear often from my buyer clients is, "I am looking for an absentee run business." Since it is such a popular topic, let me offer an alternative method of business selection. There are a couple things to keep in mind as you search. By Rob Hartman View All Rob Hartman Blog Posts
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